Posted by Heidi Schwartz
Prologis, Inc. has announced commencement of a new development project totaling one million square feet in Tracy, CA.
Prologis International Park of Commerce is located within a 60-mile radius of three international airports, the Port of Oakland, the Port of Stockton, BNSF intermodal and UP intermodal. Its adjacency to I-5, I-205 and I-580 provides customers with direct access to the Bay Area’s growing population of 7.4 million.
At full build-out of 19 million square feet (1.8 million square meters), the park will be Northern California’s largest master-planned park.
“The park’s desirable location will allow Bay Area companies to leverage San Joaquin County’s resources,” said Tracy Mayor Brent Ives. “This project will allow many of our residents to improve their quality of life by ending their daily commute and securing a job in Tracy.”
The park’s first building will be one of the most advanced of its kind in the United States. Designed for the demands of today’s customers, the facility will include 40 foot clear height and significant vehicle and trailer parking with extended staging lanes. It will be constructed to LEED specifications.
“Tracy is the first stop in the Central Valley market, and thanks to this partnership with the City of Tracy and San Joaquin County we can offer industry leading facilities designed to meet our customers’ requirements,” said Dan Letter, senior vice president and investment officer, Prologis.
“The Prologis International Park of Commerce puts Tracy in an unprecedented position for economic development and job creation,” said Tracy City Manager Troy Brown. “We anticipate approximately 36,000 new jobs at the park as it reaches build-out.”